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Japan Bank for International Cooperation (JBIC) has entered into an agreement to provide a project loan for a floating production storage and offloading (FPSO) vessel jointly owned by compatriot companies Modec, Mitsui & Co, MOL and Marubeni Corporation. The unit, FPSO Almirante Barroso MV32, is currently being converted from VLCC VK Eddie at the Cosco Dalian yard... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/18/2018, informs that it signed today with SPE Fazenda Belém S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in the onshore fields of Fazenda Belém and Icapuí, called Fazenda... Continue Reading →
Aug 14, 2020 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition, by MIC Capital Partners (a company of the Mubadala group) and Magni Partners, a joint venture, with a specific purpose to own and manage the following drilling rigs ( currently under construction): Arpoador, Guarapari, Urca and Frade, all from Sete... Continue Reading →
Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region’s shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures. The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and... Continue Reading →
Aug 14, 2020 The ANP board approved the extension of four more contracts for mature onshore oil and gas fields: Massapê, Cantagalo, Fazenda Azevedo and Fazenda Boa Esperança. Thus, there are already 34 mature fields with extended contracts (21 offshore and 13 onshore), which will generate more than US $ 28 billion in new investments,... Continue Reading →
Aug 13, 2020 ANP started to make available the list of oil and gas exploration and production contracts whose operating companies requested an extension of exploratory terms due to the Covid-19 pandemic, as well as the status of each order. Until Aug 11, 2020, 48 expressions of interest were received from 12 operators, of which... Continue Reading →
Aug 12, 2020 The three contracts under production sharing regime - Mero Development Area, Entorno de Sapinhoá and Sudoeste de Tartaruga Verde - produced 9.3 million barrels of oil and 51 million cubic meters of natural gas (available for sale) in the first semester of 2020. The data are part of the Monthly Bulletin of... Continue Reading →
Aug 12, 2020 Petrobrás is taking another step in its plans to decrease the average age of Transpetro's fleet of ships and announced that it will hold an auction for the Piraí, Pirajuí and Pedreiras oil tankers, all of which are Panamax class. The event is scheduled for September 10, through the Petronect portal. The... Continue Reading →
Aug 12, 2020 Petrobras management is promising the supply chain to share a series of technical details about its new pre-salt exploration and production projects earlier. The information was provided by the company's executive director of Production Development, Rudimar Lorenzatto, who participated in a webinar promoted by SPE Brasil. The executive stated that the sooner... Continue Reading →
August 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/27/2020, regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia, informs that it has extended until 08/21/2020 the deadline for companies to express their interest in the opportunity.... Continue Reading →
Brazil Energy Insight 